Trading Report: Today, Tate & Lyle PLC (TATE) Price Target Raised to GBX 875

Today, Tate & Lyle PLC (TATE) Price Target Raised to GBX 875

Tate & Lyle PLC (LON:TATE) had its price target lifted by stock analysts at Deutsche Bank AG from GBX 850 ($10.62) to GBX 875 ($10.93) in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 28.49% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Liberum Capital reissued a “buy” rating and set a GBX 790 ($9.87) price target on shares of Tate & Lyle PLC in a research report on Monday, July 11th. BNP Paribas restated a “neutral” rating and set a GBX 700 ($8.75) target price on shares of Tate & Lyle PLC in a research note on Friday, July 22nd. Citigroup Inc. restated a “neutral” rating and set a GBX 900 ($11.24) target price on shares of Tate & Lyle PLC in a research note on Friday, November 4th. Societe Generale upgraded shares of Tate & Lyle PLC to a “buy” rating and upped their target price for the stock from GBX 780 ($9.75) to GBX 830 ($10.37) in a research note on Thursday, September 8th. Finally, Berenberg Bank set a GBX 715 ($8.93) target price on shares of Tate & Lyle PLC and gave the stock a “neutral” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 786 ($9.82).

Shares of Tate & Lyle PLC (LON:TATE) traded up 0.96% during mid-day trading on Monday, reaching GBX 681.00. 1,345,063 shares of the company’s stock traded hands. Tate & Lyle PLC has a one year low of GBX 529.00 and a one year high of GBX 850.00. The firm’s market cap is GBX 3.16 billion. The firm’s 50-day moving average is GBX 745.04 and its 200 day moving average is GBX 701.38.

The company also recently disclosed a dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, November 24th will be issued a GBX 8.20 ($0.10) dividend. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, November 24th.

In related news, insider Javed Ahmed purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was purchased at an average cost of GBX 660 ($8.25) per share, with a total value of £198,000 ($247,376.31).

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